Birdwatch Note Rating
2023-08-01 00:39:06 UTC - HELPFUL
Rated by Participant: 418F883AEF53CBEECC00AA0ED89893371754D2BA1DB883AFE498D96AC7E52EFA
Participant Details
Original Note:
The Paris Club made up of Western nations & China both agreed to take losses on debt to Ghana. China has become Africa's biggest lender, holding over $73 billion of Africa's debt in 2020. China has written off some debt due to countries inability to pay interest https://www.reuters.com/world/africa/ghana-expects-reach-agreement-with-bilateral-creditors-coming-weeks-2023-06-18/ https://www.economist.com/leaders/2023/05/18/china-and-the-west-take-a-step-to-ease-africas-debt-crisis https://blog.politics.ox.ac.uk/chinas-role-in-restructuring-debt-in-africa/
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